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$FGNX ETHEREUM TREASURY CEO INTERVIEW
Recorded: Sept. 15, 2025 Duration: 1:11:00Space Recording
Short Summary
Ethereum's dominance in the DeFi space continues to grow, with over 60% of stablecoins issued on its network, while strategic partnerships and innovative projects signal a bullish outlook for the crypto market. The upcoming FOMC meeting adds to the anticipation of potential market shifts, emphasizing the importance of liquidity and yield generation in the evolving landscape.
Full Transcription
Thank you. What is up, everyone?
Happy Monday, the 15th of September.
Sunday, the 15th of September, FOMC week on Friday, the big things happening this week.
And today's market has done some interesting things, really nothing, but kind of an interesting version of nothing. But here we are. And we do have a guest coming on in the back half of today's
show. So we're going to dive right into it with some quick thoughts and then jump into a little bit more of the picks and
the ideas in the first part of this show.
So Ben, we'll go ahead and kick it over to you to let you kick us off.
Great.
Yeah, second half of this show, we'll be talking about Ethereum.
So hang on for that at 1.30 p.m., Ethereum Treasury Companies.
And I figured, why don't we just do the macro sentiment review along with one or two picks at the same time,
and maybe we'll have a conversation.
You can cut in when someone else is speaking or whatnot.
But in any case, look, interest rate expectations, they keep increasing in terms of number of cuts.
in terms of number of cuts.
A number of analysts came out this morning.
I think, I don't know, was JP Morgan saying,
like, a rate cut every month for the next four months
and another two next year?
I think Goldman Sachs said something similar.
We're not going to get 50 bits this week,
but it's instructive to see that the chances of that
or people betting on that is increasing.
I guess it's probably only 5% to 10% or something.
It's not going to happen.
But just seeing that increase is more evidence that, you know, we're going to get probably multiple cuts here in the next two to three quarters.
So, listen, I think you've got to be bullish, you know, small caps and risk assets and growth companies and interest rate sensitive names.
I've been saying for a while I think IWM is going to hit that all time new high.
I've been predicting what will happen before FOMC,
Wednesday,
2 PM.
It's Monday one.
So we got like 48 hours to get another $4 and IWM.
We'll see if it doesn't happen before 2 PM.
I think it'll happen right after 2 PM,
but,
but thereafter I do worry short term.
This is so expected now, you know, the 25 bips.
We'll have to hear what Jerome Powell says Wednesday at 2.30 p.m.
and statement at 2 p.m.
But I think there is a decent likelihood of a Selvin news event,
at least short term, in IWMRK Wednesday, Thursday.
But if you're looking in the intermediate term over the next weeks or months,
I think that's where you want to be.
You want to be in IWM risk assets, gross companies,
especially, I think, in the home housing sector and mortgage sector.
So with that, there's two names.
I'm not going to talk too much about them because I think maybe the Godfather
will.
LDI is something we became aware of.
You know,
we were training open and then it was Citron that came in and said,
Hey,
opens over value.
Let's go for LDI.
And then Godfather did some work on that.
This sounded pretty compelling in terms of refis.
So he'll talk more about that,
I think,
but LDI,
a big focus for me. i think it's an in
in an active re-rating as we speak um i think it's gonna be very exciting this week it hit 521
in pre-market this morning it's 445 now i picked up the dip i i i really think we're going to be
retesting five very soon again um who knows maybe even later today, but that's a top pick for me.
And another one, kind of a special situation type of thing, an arbitrage play. We've been
all over this for months, and finally it's rereading. So the nuclear uranium sector is
exploding this week on United States and UK. I think trump going to uk and there's some talk
about some deal with nuclear energy and i think lost in there for a second is that just me
i'm here you don't hear me yeah no you're good i hear you can you hear me yeah it's mark can you
hear me yeah i hear you mark all right we're all So, yeah, there is something going on with nuclear this week.
Great Britain looking to build a bunch of SMRs.
So you see all the nuclear stocks exploding.
That fits in perfectly with this SPAC that's going to be de-SPACing.
October 7th is going to be the vote. It's GSRT.
They followed the S4 effectiveness statement this morning. They
put the vote out. The date for the vote, October 7th. While there's a very interesting way to play
it, I think our community is all loaded up already, and there's still a lot of opportunity
here. It's called GSRTR. GSRTR is trading at $8, and each share of GSRTR you have,
is trading at $8 and each share of GSRT-R you have, it's a right for that unit, for that right
to automatically convert into one share of GSRT once the combination is complete. So GSRT is
trading at $10.37. The rights are trading at $8.04. A pretty obvious ARB opportunity here. I mean,
if you want a short GSRT, you can against the long on GSRTR.
But this is a pretty low-risk play.
I anticipate GSRTR will go from $8 to probably close to $10, if not $10, before the October 7th vote.
So I loaded up on GSRT today, GSRTR.
So those are my two ideas for you today, LDI, GSRTR.
And if anyone wants to, maybe Godfather next,
because I'm sure he wants to speak about LDI.
Wait, Em, did you want to comment on any of that?
Go ahead.
I guess not, so Godfather.
No, no, all good over here.
Okay.
Hey, everybody. So quickly on the macro.
Look, of course, it's all about the FOMC on Wednesday.
Yeah, I think the debate is, will we see this other news event or not?
You know, clearly there's a lot that's priced in.
And, you know, do we get, there's no question that we're going to get 25 beeps,
but, you know, is it going to be a hawkish cut?
The big thing here is that we finally get to see the the SEP again.
And there's a big delta between where the SEP sits, which, of course, is the the Fed's members expectations versus where the SOFR market is in terms of the pace of interest
rate cuts. So that needs to converge at some point. And is the market going to be disappointed
by that? It's possible. I suspect that the market is ahead of itself relative to the pace
of cuts versus what we're likely to see in the SEP.
That said, I don't think that there's any debate about which side of the mandate has a higher priority right now.
We continue to see more weakening signs last week in the data with respect to the labor
market and the economy as a whole.
So, you know, I think as it relates to the mortgage stocks,
specifically since Ben kind of guided the conversation there, I do believe that we're
going to see the 10-year go below 4% this week. And that should be a catalyst for some further
decreases in mortgage rates. Now, I know that, you know, we have seen an effect in the curve
where, you know, the Fed cuts the short end and we actually see an uptick in the long.
It's possible that we see that. But if we do, I think that'll be fairly short lived.
Again, you know, I like to zoom out and look at this for what it is, which is it's a cycle. It's
a rate cutting cycle. And, you know, whether it is going to be the pace at which, you know, Morgan Stanley came out and talked about rate cuts this
morning and others, or something less or something more, you know, effectively doesn't matter unless
you're, you know, trying to trade these things on a daily basis, which I am not, you know, taking a
view, sector view, that this is both the right time in terms of the rate cutting cycle, as well
as, you know, I think that the housing sector in particular, so I'm bullish home builders, but I'm
also bullish these mortgage companies, you know, there's efficiencies that have been brought to bear
due to AI on the mortgage side of things, operationally wise, the home builders have
done a great deal in terms of their capital allocation and their efficiencies as well.
So I think both sectors deserve attention from the long side for investors and traders
alike.
For the balance of the week, I think it was called out that Trump's going to the UK.
So there might be a little bit more juice in some of these quantum computing stocks if you're trading those names.
And I think, you know, you should only be trading those names.
I do not think that there's, you know, an investable thesis there yet.
And then, you know, earnings wise, super light.
We've got OPTT after the market today.
That's a small cap marine drone name that we've talked about on the show in the past.
I don't have a clear view
as to whether that will be bullish or not. The market has responded well to their quarterly
reports in the past, so I'll highlight that. And then other things that I'm looking at,
just in terms of commentary on the economy, we do get Lennar off to market on Thursday
for housing. You get FedEx as well for overall consumer and retail sort of volumes. And then
you get Darden, which of course is all of Garden, Ruth, Chris, et cetera, for a view
into the consumer on the restaurant side of things. So just quickly, because I spoke at
length about LVI last week, the thesis here is pretty clear. As mortgage rates goes down,
You know, the thesis here is pretty clear. As mortgage rates goes down, refinancing activity goes up. Recapture rates, which is refinancing customer retention. You know, do people that pay off their mortgages come back to you and take out new mortgages with you? Do customers that are refinancing refinance with you or do they go across the street to your competitor?
you or do they go across the street to your competitor? And LDI is the highest in terms
of customer retention or these recapture rates to use the industry parlance at 70 plus percent
versus their peers at about half that on average. So there's just more built-in operating leverage
in the LDI model than there is in some of the other competitors. And it is lagged. You can't come close, actually, on a valuation basis to their next closest, which is UWMC.
And I think there's still some catch up here in terms of price appreciation as well to
this dramatic move that we've seen in RKT.
So that's the mortgage side of the business.
You can't even talk about valuation comparisons if you want to talk about guys that are trying
to flip houses on a corporate basis like Open or OPAD.
It just doesn't make sense to me.
If you're in any way rooted in valuation or fundamentals, you want to play a name like
LDI.
And you're still getting the meme impact to it as well. And you're
also getting potential government-driven tailwinds, which I highlighted last week and I won't get into.
But I got a full 10 reasons why you should be in a name like LDI on our Discord. So you can read
all about it if you want to become a member. But the name that I wanted to talk about this week
is a name that I've sort of mentioned in passing before.
And before I talk about that, let me just give you a bit of a context here.
So, you know, I've been very focused that this market only has a few really durable themes to it.
And if you're investing in small caps and you're outside of those durable themes, you better have a really compelling fundamental story.
Otherwise, you're likely to be orphaned by this market. If you're in a group that's attached to or directly involved
in one of the durable themes, then you're going to see market attention. And that's clear,
obviously, in anything to do with AI, peripherally, second derivative, however you want to call it, you know, look at names like nuclear.
And this name is in that basket. It's in physical AI. Goldman just had their big conference and the two big themes, sort of second derivative themes that came out of AI were agentic commerce.
And, you know, you're seeing that now you're seeing AI use cases show up and things
like payment authentication, fraud management, you know, payment method diversity, these kinds
of things. And the other is physical AI, you know, Uber talked about it, people are paying a premium
for their product, they, they, they, they want to pay more for AVs. So they feel there's more safety, etc. So, you know, IoT, you know, using
these onboard sensors for driver efficiency, for fleet management, fuel efficiency, you know, all
these kinds of things are driving tangible business outcomes from physical AI. The biggest form of physical AI is anything that has
to do with surveillance or cameras. So physical AI is simply where AI processing happens on the edge.
It happens in the real world on autonomous remote platforms, be they autonomous vehicles or security
cameras that are out in the field or what have you.
So to make that happen, you need to have extremely low latency.
You need to have, you know, miniature, lightweight, power efficient, both hardware and software.
You know, as part of these devices, you need forward error correction, you need adaptive
and dynamic streaming, all these kinds of things. But essentially, the company that I want to talk
about today is Maris Technologies. M-T-E-K is the ticker. And they do exactly what I'm talking about.
They provide hardware and software solutions. So hardware solutions are providing the actual AI accelerators, software solutions, they're providing these video encoders and decoders. And they're, you know,
the combination of their software and hardware allow, you know, multiple cameras to be integrated
together. They can do video stitching, you know, with multiple AI video streams to create panoramic views.
This has applications across the board for homeland security, law enforcement, military
surveillance, smart cities, aerospace, you know, anything where situational awareness
or, you know, data analytics or decision making is happening, you know, in real time.
Air, land, sea, manned, autonomous, you name it.
There's all sorts of applications.
And they're providing these products to names like Lightpath.
And you've seen them, Lightpath, win a number of contracts.
OSS, you've seen them win a number of contracts.
These guys are the subcontractor.
They're providing these technologies.
And EmTech's client list
themselves contains big names like Raphael and Elbit and Leonardo and Renesas, in addition to
names like Lightpat that I mentioned and so on. This is an Israeli company, so they only report
their financials every six months. Last year, they reported on August 28th. They have not yet
reported their six-month numbers, which means it's imminent.
It's going to happen any time.
And last year, their revenues were up 50% at their second half report.
The year prior, they were up 60%.
Gross margins were up some 80%.
I did a quick valuation comparison.
On average, the group that is in this physical AI comp group is up some 130%
since June 1st. EmTech is up only 40%. Now, what's really interesting here is that these
names trade on average nine times this year on an EV to sales basis and five times next year's
EV to sales. EmTech trades at three and two respectively. If you take the,
you know, the average or the median multiple and apply it to MTEK, the stock should be trading at
850. Okay. 850 over 320 now is a pretty good gain, but there's listed warrants. The listed warrants are MTEKW, M-T-E-K-W. They are good until February of 27,
and they strike at $5.50. If the stock were to move to $8.60, which is sort of the midpoint of
this valuation range, those warrants, which right now, by the way, are trading cheap at $0.28, $0.29,
they should be $0.35 based on a modified Black Scholes. If the stock goes anywhere over that,
if it gets to the same amount, 860, the warrants go to 392, which is the 1300% return. So there's
a highly levered way to play the cheapest name in this whole physical AI space. Now, this is a
micro cap company, okay? It's adjusted market cap is 23, 24 million. But
it is in a net cash position, they have the highest margins of any of their peers. So this name, the
market is completely asleep on. I could go on and on, but I'll leave it there in essence of time.
Okay, great. Thanks. We're gonna dig into that further. I know you've been talking about that
in our Discord for a long time. Let's go to Money Mark. If you can keep it brief, we've got two more speakers after you and we want to hear from Laptop Travel. If you can squeeze it in in like four minutes, that'll be great, Money Mark.
With regard to the Fed, I'm in agreement with you. There's a note out from J.P. Morgan today, not that I care about Wall Street, but I am in concurrence and it does state kind of fact of historical relevance that the, you know, given the preponderance of factors in the marketplace right now, the most likely direction for the market,
once we get the news of the rate cut, is probably down. So, you know, we've got,
we're in the middle of September. It is a particularly perilous time of the year.
So, you know, it's just really a reiteration of the caution
that we have all kind of put forth to this point um but that being said look we continue to find
great stocks we continue to find great situations um and in my history i remember back in Q4 of 2028, when the market dropped about 28 percent, my largest holding at the time went up 28 percent over the same time frame, which validated my mentor's teachings, which was when you hate the market, short the market, not your stocks.
short the market not your stocks so you'll keep that in mind don't get
panicked out of your favorite names but be careful you can use hedges you can
short IWM or spy or you can buy s H or RWM and everything will be fine as far
as that goes in addition you've got you know the real estate sector which is
benefiting so you have names like Mortgage out there that's really starting to take off. A lesser known name like Fathom Holdings, FTHM, which you can look into. We won't have time to get into it deeply today, which would be a great beneficiary as we continue to see rates go lower.
There are anecdotes coming from all corners of the country that real estate is showing signs of life
with mortgage rate quotes dipping into the low sixes, which appears to be much more palatable than seven. And this might just be the beginning of a movement down in mortgage rates to, you know, let's say five or even into the fours, if you can imagine that, which would be a tremendous boost to the mortgage and housing industry. forget the sitting president made his fortune on real estate. So don't be surprised if his
actions are very pro real estate, which by the way, would also ultimately be pro stock market.
As long as the economy remains intact, then we definitely see cracks in the armor as far as that
goes, but nothing has fallen apart yet so all systems go
just with yellow lights included. Mark real quick you have a 60 second pitch for a stock?
Nothing new today I'll have something probably new for you next week but you know mining is
another area that's been highlighted of late.
Obviously, gold is super hot, so I continue to like Geodrill.
G-E-O-D-F remains one of my top holdings at this time.
If I look at my actual portfolio right now, without getting into too many details,
a gatekeeper had another win in Rhode Island.
There is also verification of the government mandates in the U.S. and Canada, projected to have multi-hundred million dollar ramifications.
And it appears that Gatekeeper, GKPRF, is slated to win about 50%, 5-0% of the train mandate deals.
They only have really one serious contender on the bus and or train side at this point,
relative to the specifications that these institutions, municipalities, mostly New York,
LA, Chicago, Toronto, Philadelphia,
are looking for. So that all but guarantees we're going to see tremendous comps and growth out of
gatekeeper GKPRF over the next two years. They only did about $32 million in revenue over the
last 12 months. New York alone, actually Long Island
alone, nevermind New York, which is eight times bigger than just a piece of Long Island. The
Long Island piece of New York alone will represent 10 million per year. So that's just instant growth
from them just on a small piece of what is expected to be an even larger pie for them.
Yeah, that's about it for now.
But we'll have something new for you next week.
All right, great.
And how much time on the other side of the Ethereum conversation at 2 o'clock?
Do we have a little more time after that?
We do.
We do.
We don't have a hard cut off.
I don't know if we can get to everyone.
We've got six minutes until Ethereum.
We've got Leah and Laptop Travel and Dougie Fresh.
If I can go, let's hear from Laptop Travel because it's new.
You there, Laptop?
Okay, maybe he doesn't hear me.
How about Leah?
Let's go to Leah.
Sorry.
Hi, guys.
I'm sorry.
All right. So who wants. I'm sorry.
All right. So who wants to go?
OK, laptop, why don't you go?
If you can keep it, I don't know, two or three minutes quick on macro thoughts. And if there's one specific stuff I want to highlight today.
Yeah. So really, let's just cut to the chase.
Everybody's watching the FOMC and it's not really exactly about what's going to happen at FOMC.
watching the fomc and it's not really exactly about what's going to happen at fomc i think
that the market is hinging on dissecting whatever powell says if he is you know it takes a dovish
tone uh and this could supercharge risk assets assets uh while we can the dollar, but also the lifting the stocks and bonds and gold and even
crypto, we're hoping. But we all have to be watching sell the news. I think right here at
this market right now, the bears have kind of just taken a side seat for right now and kind of like
say, well, we're not going to short the market right now, but possibly sell the news.
So the key is, what's Powell going to say?
One stock I do have is KOPN.
It's Copen Corporation.
They're into defense and this augmented reality, and their earnings are up.
A pullback today, it's been on a steady incline for several weeks.
It's on an incline, and I can see this stock go 10x.
And they just announced a game-changing contract with the government
for $15.4 million contract they picked up for a pretty small cap company.
All right, beautiful. Hey, Locktop, I know you mentioned crypto. So if you want to stick around
for the conversation on Ethereum, that'll be great. We're going to start that in a few minutes.
Leah, go ahead. Hi there. So yeah, to do FOMC, I just want to add a couple of things we haven't mentioned yet. When I'm looking at the two-year bonds, they are trading below the FED rate.
So that is signaling that FED are most likely behind the curve already.
So I wouldn't be ruling out 50 BP cut.
Then also I want to mention an indicator that Goldman Sachs suddenly published. It's a
sentiment indicator that is pushed to negative territory again on Friday, almost to minus one,
which is signaling a buy level. So the indicator combines nine measures of institutional foreign
retail investor positioning, right? So that is signaling me also that we might go actually
higher. I was waiting for the September dip that didn't happen. All right. So that is signaling me also that we might go actually higher. I was
waiting for the September dip that didn't happen. All right. So these are the kind of the things I'm
looking at into the next weeks and next month. And this week also, let's not forget, we have
quadruple witching. So we're going to have a super high volatility. And I will be following the WIX.
If the equities are going to go up and WIX is going to go up,
I'm going to be getting ready for blow-off top.
Until then, I think we're just going bullish.
And lastly, what I was going to say,
nothing changed from last week that I was mentioning
how much large funds are still short small cups.
So it didn't change much of a stance on that.
So if we have a huge rate cut and Dowell is Dowellish,
I will be just focusing truly to probably play the all-time high breakout on IWM
or pretty much TNA, the triple one.
That would be kind of my play.
And then also let's not forget that European Central Bank paused currently.
They said that their rates are fine where they are right now.
So with European Central Bank pausing and fat easing, this will make dollar falling more.
And it's going to mean that we're going to go most likely higher in the US stock market.
And also, I was one of the investors who moved a lot of money into Europe end of last year and into early this year, which was extremely beneficial for my portfolio.
But I'm seeing the outflows from European markets and stocks right now.
And I do believe they're going to be moving back to the US stock market.
So that's pretty much it.
Nothing changed from last week.
I have the INVZ and ATAI, the small caps I was talking about last week.
And as I said, I'm going to be fully focused on trading the TNA and IWM in case of a derbish stance.
That's it. Thanks.
Thanks, Leah. I love your bullish take.
I'm playing the IWM into the report.
I really think we're going to have 243 this week one way or the other before or after FOMC.
So taking a little bit of a risk betting on that ahead of time.
Doug E. Fresh, I'll give you 60 seconds. see so taking a little bit of a risk betting on that ahead of time um lap uh dougie fresh uh you
know i'll give you a 60 seconds go ahead and then hang around if you want for the ethereum talk and
maybe we'll have more time on the other end of it i'll definitely be hanging around and real quick
here we go rates obviously i'm keeping an eye on this poly market holy cow like leo is just saying
you may see that 0.50 guys i'm watching'm watching this thing closely, and it could jump off a cliff.
I am definitely watching it.
Even though the percentage, and like you said, Ben, people are trading it like crazy,
it's only an 8% on the poly market for 5-0.
But I'll tell you what, interesting chart.
It's setting up almost like the election was.
But anyway, that is interesting, so definitely watching that.
We know it's at least a 0.25 but it
could go to that 0.50 and like you said we're probably going to see rate cuts for a few months
coming up and then the vix right now i am watching it we could see a little pullback sell the news
and uh it's right in that spot where it kind of wants to bump up and it's not going to be
too much it just has been running the same trend and i've been watching it and it's getting right to that spot where it could pop right back up there
for a moment so we could see the sell the news on wednesday area and into the week end of the week
and then obviously this market is just getting set up obviously crypto you know i'm all over that
and i'll be staying uh tuned to listen to the conversation but But yeah, crypto is getting set up.
We're just seeing this little bit of pullback real quick.
And the markets are just making a little bit of room on the charts.
And we're going to get rocking and rolling.
And I'll kick it back to you so we can have our conversation.
All right.
Great.
Thank you so much, Dougie.
Yeah, if you folks want to stick around, feel free.
It's an open panel discussion here that we're about to start but wolf i'll let you
take the transition uh here to the next segment yeah we are going to uh interview fgnx is the
company in ethereum treasury uh i was looking uh for maya uh maya if you are in the audience here hold on i added her uh hold on let me
i don't know what happened i invited her to speak she's there in the audience
i sent it i thought she accepted and then she fell off so i just invited her again
yeah we'll just we'll just get my uh up on stage as soon as we get up on stage here we'll kick off
into that you have to yeah you can also, on the bottom left,
you'll see the little microphone button.
If you hit that and request as well,
it should help get you up on stage there, Maya.
Okay.
While we wait for Maya, hey, Amp,
you heard a lot of thoughts there from the rest of the panel.
Any feedback on all that?
Yeah, I mean, I think it's a lot hinges on Powell.
I think the only thought that I would throw in here
is I think one of the biggest questions is going to be,
are the cuts and the signaling of further cuts
going to be related to something breaking,
something wrong, and how they spend that portion of stuff,
or if they sell it as a maintenance cut.
That's what I'm most interested in hearing this week. And I just heard Maya's voice. Maya,
welcome to the stage. Hey, thank you so much for having me. Good afternoon, everybody.
Good afternoon. Yeah, good afternoon. Excited to have you on to find out. I mean, Ethereum
treasuries, we know the topic here. I'm excited for this
because these things are being talked about everywhere. We see these treasury companies
popped up. So excited to kind of dive into this a little bit. This is a sponsored discussion here
with Maya and FGNX is the ticker's name. And I'll let Maya introduce everything there. But
of course, not a recommendation.
Please do your own due diligence before purchasing anything. Obviously, investing has inherent risk.
And with that said, and that piece out of the way, we can dive into this great conversation.
If you're on the panel, feel free to throw up your hand or jump in and ask some questions here. But Maya, I would love to hear just a quick intro of yourself and
FGNX a little bit here for the audience. Yeah, absolutely. Maya Vujinovic, I've been in crypto
for 12 plus years. I was a pioneer in mobile payments in Africa and LATAM in early 2000s.
And then in 2010, I discovered a Bitcoin white paper, got into Bitcoin and really didn't understand anything on that white paper until I read the peer to peer, which really resonated with me living and working in Africa and LATAM, which is later why I discovered diamond in the rough, cold t got into it because of any price. Nobody thought that this price was going to be where it's at today.
And got into it because of the tech and because of the potential in the future.
I had a hard time receiving my own payments in Africa and paying other people.
And I realized that peer-to-peer could get us somewhere.
that peer-to-peer could get us somewhere.
And so 2013, I moved back to New York and got introduced to Tether
and to what was beginning of Tether at the time.
Nobody was going to touch that asset.
And I helped acquire them a first bank,
which that kind of technically got me into this space.
And then I was the youngest CIO at GE,
led all their emerging tech innovation,
and then brought them blockchain.
So this is where I brought Joe Lubin, co-creator of Ethereum, as everybody knows, to really help me execute on that vision going forward,
which is I wanted to understand how smart these smart contracts were and where the company was going to be affected in the future. And so and the rest is history. I've been part of this DGEN ecosystem in crypto and now running FGNexus.
And FGNexus is a digital asset focused firm.
We are focused on Ethereum acquisition of Ethereum and growing Eve per share.
We are the micro strategy of Ethereum.
And so that is our focus at the
moment. And we partnered with some phenomenal guys and really excited to be here.
There is my, I'm not Wolf, do you want, I mean, do you want to say something?
No, you go ahead. You take this one. Yeah. So I'm very curious. You have a pretty
impressive background, really well connected from the early days here with crypto.
I'm wondering if you can give some commentary on like why? Why now?
Like all of a sudden in the past six months, like Ethereum has just exploded.
There's so much focus on these Ethereum treasury companies.
Do you have like some extra insights by being like kind of in that inside group did you
realize this was coming like uh you know we saw it once all these stocks started exploding and
bmnr especially brought a lot of awareness and started exploding did you know that was kind of
happening behind the scenes like what can you tell us about that yeah that's a great question
and absolutely i mean remember guys if you're i're anybody in here who's been playing it for many years, you can, first of all, follow things on chain. That's why we have blockchain. Second, if you're part of the networks, like I've been lucky to be exposed in TradFi and crypto, you start to realize that, you know, the timing is just right. Ethereum has had 10 years plus of really becoming that settlement layer for stable coins, right?
What is it now?
52% it's Apollo the other day told me that it's 52% now in Ethereum for Tether.
It's also 60 to 70% of all the stable coins in the world.
You know, DeFi, you've got the largest activity on DeFi and that's not going to stop.
Tokenization, right? You've got the largest activity on DeFi and that's not going to stop tokenization.
Right.
And so when you look at that kind of quiet movement of Ethereum, it's really where regulators
have had time to digest and they've had time to go from uncertain kind of gambling coin,
right, to kind of structured oversight.
And so I think it is really interesting
that that passage of time,
and you look at all the Wall Street companies
and asset managers who have been piloting
for such a long time,
they have teams of people learning on the stack,
that really the simplest time is now, right?
And so for us, we had,
I'm an investor in a bunch of things,
and when I looked across the board, I thought to myself, what has the biggest kind of upside
in things I understand?
And I understand emerging markets exceptionally well living and working in them, not just
working, but really living and feeling all those across both of the continents in Latin
America and Africa.
I understand that holding a USDT or some kind of a stable coin, people will
choose any day, you know, and they won't hold their own local currency because of inflation.
And that is all power. A lot of it is powered by Ethereum, right? Then you look at the tokenization
and optionalities on that, and you realize that the Wall Street has really learned on Ethereum.
And so I think Wall Street really wants uptime.
They don't necessarily want the speed either, right?
Speed maybe comes in when it comes to payments and other things.
But I think this is for us.
It was very clear why choosing Ethereum now and positioning FGNexus is really where we need it to be.
Okay, great.
And by the way, if any of other panelists have questions or comments, you can
always just raise your hand or even unmute yourself. I got a couple more. Did he have
anything you wanted? Well, here's Godfather. Godfather, go ahead. Yeah, Maya, all of these
treasury companies basically have the same goal, right, which is to increase, in your case, ETH per share.
So can you walk us through sort of where your NAV is, what you have in place in terms of ATMs or other financing arrangements
so that you can sell stock at a premium to NAV, add accretively to your ETH position.
And then if your stock flips to a discount to NAV, what's in place and what are the plans
corporately in terms of buying back stock to always try to arbitrage that crypto per share
number.
And if you have the current calculations on NavHandy, I think that
that would be useful for folks on this call. Yeah, I think we definitely have all of in place.
So number one, I can't discuss in detail our plans for strategies. But I can tell you that we do have a buyback in plan.
If need be, we do have our $5 billion ATM
that has just started this week.
So that's in place as well.
And you're absolutely right.
If we do go close to below MNAV
and if we are trading an MNAV or below MNAV,
we definitely have a buyback in place that we will execute. So
we also have perpetual preferred in place too. So that's something that has been,
when I, for example, MicroStrategy didn't even have that until about what, a month ago or two
months ago. And in my discussion with other crypto strategies or DATs in the last two, three days, they're all kind of going after that because that's a preferred instrument.
Right. So we have that at the moment in place as well.
And so we don't we actually don't expect to trade below MNAV.
We're taking some really interesting paths and especially this week.
this week. But if we do, we have a buyback and plan that we will execute. Can you talk then for
But if we do, we have a buyback and plan that we will execute.
folks that are new to the story about a bit about what you've done in terms of raising money and,
you know, who's taken down those raises, institutional, retail or otherwise?
That would be, I think, useful. You highlighted in the past that, you know, this story is really, you know, hinging on leveraging economies of scale and raising capital. And so I think that that would go a long ways to, you know, to indicating or demonstrating to folks that you're moving along on that business plan.
moving along on that business plan.
So in terms of our raises, we work with ThinkEquity.
I think everybody's familiar with it.
If not, they're an incredible group of investment bankers.
And they've also got Bitmine started too.
And so they were in charge of their first raise.
We worked with them on
our $200 million pipe. And now, as I've said, with our ATM, that's kind of an open. We're
working with ThinkEquity and we are thinking about also expanding into other banks. We're
getting some really interesting proposals by really some known investment banks in the
space. And we're today, right after this call, I'll be making a decision who actually we will be bringing on to kind of co-lead that or help us raise further.
I have a question for you, Maya, and what a background you have.
Holy cow. I'm all into stock charts.
So I just look, I'm watching the stock chart right here, FGNX.
That's what we're talking about, guys.
And it's an Ethereum treasury coming up.
And now my question is, it was running and trading around $17 there for a little while,
between like 23 and 17.
And then all of a sudden, August 1st, guys come out and you uh announce the formation of a
trust and the thing starts cruising up right and on august 5th you close 200 million dollar private
placement and then on august and it's still flying up and then august 8th this is my question really
i'm just curious because i i love stock charts and just to get an idea and let people understand
how these things really work.
So then August 8th, we're flying up, guys. We're at like 40 something dollars up here,
41.25. And then August 8th, you file for the $5 billion shelf registration to fuel the Ethereum.
And then it just kind of dips down. Is that kind of like a just sell the news or are you guys
actually taking the $5 billion and now purchasing the ethereum so now it looks like uh you know the um the sheets
are the balance sheets are a little off because now you're making a five billion dollar purchase
because now it dipped down and it's at 678 and i'll tell you what it is a beautiful chart right
here i love these opportunities down here i'll tell you that and that's what I just look at charts I don't ever look at any news to
be honest which I just had to look down and then that news is on Finviz that I
gave you so that's where I'm getting that information from and I was just
curious because looking at the stock chart is so set up and I was just
wondering why is that pop up like that and then dip down so hard is it because
you guys are purchase purchase making
the purchase is that what happens so if you could just uh elaborate on that or explain any of that
that would be great so um we did a um what's your question specifically around why did we drop or um yeah why did why does the price drop like that
when it says that uh so august 8th you filed a five billion dollar shelf registration the fuel
ethereum accumulation strategy and the price just kind of dips is that like a sell the news kind of
thing no so no the cbr actually makes it you know not comparable, so no, the CBR actually makes it, you know, not comparable, right?
So we did the, you need to, in your calculation, I guess when you're looking at it, you just
need to add back the 30 per share to the current stock price to actually make it comparable,
if that makes any sense, right?
Our CBR is what makes the main difference in our stock.
Okay. That's understandable. Yeah. Cause I mean, the stock price, when you look at it,
holy cow, it would drove up on that news and then took a really nice dip. And now it's,
I mean, it's very good. The chart looks amazing. I'm telling you that right now.
This thing is getting set up to run.
You can see it right now in the next week or two.
It's going to be perfect.
And I will be watching this for a great opportunity.
I can tell you that, Maya.
It does have a lot more.
I agree with you.
This has a much more of an upside, right?
When I look at, particularly now, a drop of, you know, look at Tom Lee's PM&R or any of these upside, right? When I look at, particularly now of a drop of, you know,
look at Tom Lee's BMNR or any of these deaths, right? A lot of them have had a pullback, right?
We all can agree on that. But when I look at what we are set up to do, right, that I can see,
you know, obviously it's me, you know, pitching ourselves, but I really, as somebody from the
outside, I can just see it set up nicely. And so the stock price actually dipped, you know, on the ATM.
And so but really in that ATMs are creative.
They're not dilutive.
And so that's the kind of where market misguided all this. And so our ATM, actually this 5 billion ATM that has
come up and that we have this week that we're going out to market is actually accretive to our
stock. And plus, we're building for long term here. Remember that. We are not here for a quick
pump and then we just leave. I've been in this space for the last 10 plus years. I'm here for
the Ethereum's next decade. And I can tell you that everything that I've this space for the last 10 plus years. I'm here for the Ethereum's next decade.
And I can tell you that everything that I worked for for the last 12 years and going forward, Ethereum is going to be one of the chains that's going to be on Wall Street.
That's a given.
And I know I'm on the Twitter spaces and this is recorded, but I can promise you that.
So we are definitely not here to have some kind of a quick,
massive up on our stock and run away from the market, like we're building this company for
digital assets and positioning ourselves long term. So this will take a little bit,
but we're really well positioned to be kind of building this, as I said, long term. And we're only going to use the ATM at a premium to MNAP, right?
So that's really our plan.
Now, that better answered, honestly, my question.
I probably didn't word my question properly,
but thank you very much.
And yeah, I'm telling you guys, looking at the stock chart,
that's what I focus on.
And this thing is getting set up.
It's definitely 680
right now and i mean it is looking really good maya so yeah thanks for your time i'll let the
rest of the panel have some questions yeah i i got uh let's go laptop travel real quick there's a
couple follow-up questions i have for maya but the laptop before that, Maya, can you just clarify, did the ATM already start
when you filed that shelf or starting this week? When was the start date for that?
It started on last Friday.
Oh, okay. Great. Oh my gosh. So many hands. Laptop travel. Go ahead.
Maya, hi. Yeah. I followed your interview. Hi. I followed your interview with Story Trading a few days ago. I just want to ask about your plan going forward. So I know that this is a one-time dividend for holders of the trust, which was given to legacy owners.
Do you plan to offer instruments like strategy does today with different instruments or an ongoing plan for dividends?
Or is it just accumulating value based on the nav of Ethereum?
Great question.
I think we are at the moment, again, I can't share, of course, can give you a lot of the guidance.
So I can only tell you we have our perpetual preferred in place as well.
And that's for right now.
Remember that MSTR, right, and MetaPlanet use their ATM to get to where they're at.
We're only going to use it
opportunistically right we're not going to just step into it whenever we want to and so
only thing that we're looking at now is perpetual preferred everything else we will be exploring
but only opportunistically and uh and and and not really trying to exhaust the market so um
and the rest you'll just have to follow us
and be part of our story to see.
And I plan to follow.
Thank you so much.
Yeah, thank you.
Godfather, let me sneak one in before I go to you.
I wonder if Maya, if you can,
a lot of people here might be experts in crypto and Ethereum
and understand why Ethereum is so hot lately. But I'm not at all.
I'm not a crypto guy. I'm just kind of following the momentum. I wonder if you could go into a
little bit more of your perspective of why Ethereum and why Ethereum over Bitcoin and
where you think the next wave of adoption will come from in terms of Ethereum usage.
wave of adoption will come from in terms of Ethereum usage.
Yeah, absolutely.
I'll build on a story a little bit on what I've said earlier.
You know, it really, for me, if I zoom out, I like every coin and every asset out there
has its benefits.
I got into this because of Bitcoin.
Simple.
And Bitcoin is a large part of my portfolio.
But I am staying in the game not only because of Bitcoin, I'm staying because of Bitcoin. Simple. And Bitcoin is a large part of my portfolio, but I am staying in the game
not only because of Bitcoin, I'm staying because of Ethereum. And the reason for that is it really
is a most compelling foundation for digital asset treasuries because it's more than just,
you know, a store of value, which Bitcoin is and it's proving to be. I mean, I think everybody on
this call is exceptionally smart to be investing in crypto and looking at it just given the trillions in debt
that we have in the world that we're living in. So we need some kind of a hedge besides real
estate or gold or whatever. And we need some kind of a digital gold. And that is proven to be Bitcoin.
And so Bitcoin is that digital gold, but it sits idle, right? And so Ethereum, as I think a lot of people have been
saying, is a digital oil, which is powered by something that continuously moves, which is
stablecoins. It's powered by DeFi. And DeFi is something that the next, the centralized finance,
right? It's something that Wall Street will tap into. It's just a matter of clear regulation, which is also, by the way, a biggest risk because regulation for some reason can flip, you know, overnight,
but that's not going to happen probably with this administration at all. I don't see it.
Now, the largest bucket of all of that, I'm not sure if there's anybody in audience that would
disagree that Wall Street wants everything tokenized. And I'm telling you,
in the next 20 years, that may seem like a long time. But if you're in your 20s, 20 years is not
a long time in your career or 30s even, right? You're going to start to see almost all the Wall
Street tokenized. And so that tokenized real assets are, you know, already moving trillions
on a settlement, and that's backed by Ethereum. So I think for me,
that yield bearing asset, we're staking Ethereum now and getting three, four percent on our asset.
Then we're starting to explore restaking and DeFi and positioning ourselves at a center of that
financial infrastructure. And so that's really, for me, fascinating to see what comes up in terms of
regulation. We're right there up front to see how we can partner even more. Currently, our partners
are Galaxy Digital, Anchorage, BitGo. Those are all top companies in the space and they're on the
fringes of innovation. So when that regulation is clear on tokenization and DeFi, we'll be looking
to tap into that. Until then, it's all
ETH per share. And it's really looking to build even bigger than what Bitmine has achieved.
Sorry, God, if that comes here. The tokenization stuff, I'm wondering if you are familiar with
something called T0. What do you think about that?
Yeah, absolutely. Patrick is a friend too. T0 was ahead of his time. Patrick is one of the most amazing inventors and thinkers and broad thinkers of our time, I think.
If anybody in this room has had a chance to sit down with that man, I would say if you haven't, do it. He will think of things that are coming 20 years from now. And Patrick is the one that
introduced the world to this, right? I mean, to kind of maybe commercialize it. And he was ahead
of his time. I think T-Zero needs to get their story right now. I think there were, you know,
Patrick's focused on other things. And unfortunately, there will be other platforms that will be
probably doing that better and faster and are probably in relationship with folks like BlackRock that's securitized, which is also we're looking to partner with them, too.
And so once you are partnered with BlackRock's of the world and if one day they decide to tokenize trillions of their assets, I mean, you're looking at significantly much bigger players than T0.
But I absolutely love Patrick. I think he's incredible. Cool. All right. Good stuff. Godfather, go ahead.
Yeah, you kind of touched on it, Maya. I just wondered if you could elaborate a little bit more
on the yield side of things, because in addition to, obviously, crypto per share,
In addition to, obviously, crypto per share, people are looking at where can I go and get the highest yield.
I think you're staking through partners right now.
Can you elaborate a little bit more on some of the strategies, either solo staking, liquid staking,
other things that you can do to maximize that yield for shareholders that you're thinking of doing, restaking, DeFi, etc.
Yeah, I love this.
And if you, there is a DG inside of me
that I would love to just riff on you
and this is what I think we should be doing right now,
but that we also don't want to expose our shareholders
to a lot of risk.
Liquid staking is extremely risky.
Remember, guys, a lot of you
in here, again, you would agree with me that blockchain has, there are a lot of smart devs
and protocols, but there's empty rooms. And so that's a worry for me, because if I'm going to
engage some of that or engage some of those tokens, right, and start being part of the governance,
you know, mechanism in order to get them back, you know it becomes a little risky so we are exploring we again i cannot share too much on our
strategy i can tell you right now everything is staked everything is earning yield on basic
staking um that we're doing with anchorage and bitgo and we are at the moment exploring different
strategies on safest strategies that we could be earning additional couple percentages for our shareholders.
Remember, none of these strategies at the moment can just go, you know, crazy on liquid staking and restaking and DeFi because of lack of regulation.
But that I can promise you that is going to
probably start to come next year. And we are on two exploratory products right now with
Galaxy and Anchorage to say, what are the two additional products? And I'm actually in
conversation with Anchorage at the moment to come up with another product that we could potentially be earning additional points for our shareholders.
So that's all happening right now.
This is part of my job every day is to figure out what is the additional yield
I can get for you, that I still walk you safely without any risk,
or that I take calculator counterparty risk.
take calculator counterparty risk.
Godfather, you're good with that?
Any follow-up?
I just had one other question on the regulation side.
There was some talk about the SEC requiring DATS.
That was going to be my question.
All right.
Yeah.
About requiring DATS to seek shareholder approval for crypto purchases.
I haven't heard much about that since about a week ago when it surfaced.
I wondered if you've had any communication with the SEC on that or whether you're aware of any sort of, you know, more meat that's been put on those bones.
In terms of the SEC clarity on that, no, we are in touch. Yes, our firm Loeb & Loeb is in close contact
every day with SEC. So we will make sure we follow everything we need. And really the regulation in
that aspect doesn't really affect us. It's more for slowing down the formation of that. That's it.
There's nothing that will affect us there that you have to worry about from our side. And plus we're in touch with our,
legal is in touch with SEC continuously. Well, there would be a few that they require you to
seek shareholder approval before you purchase any additional Ethereum.
Yes, they're trying to slow down the DATS, I can tell you that. And if we have to do that, we would know it like instantly.
So I wanted to touch a little more on this regulatory aspect.
I'm wondering to what extent, you know, regulation,
really a political question in terms of the Trump administration since they came in.
And based on your connections,
how do you see the regulatory environment changing for Ethereum or crypto here in the
coming couple of years? Yeah, great question. I want to address the Godfather, I think,
is trying to get at something I think is really important. But remember earlier what I talked
about, our ATM, and I think everybody's familiar of how that works.
We really, we have the ATM, so we don't really need a shareholder approval per se, right?
We can use the ATM whenever we want.
I just want to be clear on that again.
And our, as I've talked about earlier, our perpetual preferred, which is FGNXP, right?
It's a huge strategic advantage to us.
So we have that in place as well. So
I do want to be clear on that question. In terms of this question, I think, look,
this administration has been very clear, very fast. Genius Act, Clarity Act, there's no stopping.
The stable coins are one small tool in a toolbox to backstop the debt.
And that's happening. I think they understood that they you know, the stable coins are extending a U.S. dollar hegemony.
That's very clear. And we are in a race. No other country has has had that clarity nor issue that most of the countries except.
clarity nor issue that most of the countries except, sorry, Hong Kong, but that's more of a
CBDC than is a stable coin. And so if I look at, and I'm very close touch with, you know, everybody
from that, that the folks working on that in China, working in Saudi, Saudi has had certain
proposals on that because of potentially backed by oil, but that's also potentially CBDC. So I think for me, this administration has been,
the motto has been clear and fast. If they can outline for us where we can play and how
in digital assets, where the markets are going to move. I think they're going to do that.
I think next year I expect the same,
particularly we're going to have midterms.
And I think they're going to want to show how much they've, you know,
given us clarity on this or move the market forward.
So I think we have nothing to worry about,
I think, with this administration.
With the, you know, on Wednesday,
what can happen even with Fed versus Trump? It's clear they want cuts. I think we're probably going to get two or
three this year. And to me, that only signals one thing, which is liquidity in the market.
And I think, look, guys, I don't have to run FGNX. This is not something that, you know, I'm I am obviously pitching my my thing here is clear.
This is an infra play. Clear infrastructure play because tokenization is coming.
Stable coins are only getting started.
And so when I look at who's best position to win, that is Ethereum.
And we just we just, you know, because of my background, we place that stake on the
ground and I'm willing to bet on that for the next decade. And that, by the way, minus this
administration or not, I think that's going to keep happening. Yeah, great, great insights there.
Amp, you got any follow-ups for running close to the end here?
I just wanted to ask real quick, Maya, where you guys are at, like in the roadmap of things
here, you gave kind of a brief piece of it.
When did you guys kind of get into this portion of the treasury side of things?
And, you know, you mentioned the offering, some of those things, but you mentioned the
long-term as well.
So I was just curious, milestone, roadmap type of things that we should look out for.
Yeah, really clear right now. Well, we started this about a month ago or a month and a half ago.
Right now, I can tell you what my focus is for next short term two weeks is to really increase the volume in our stock, get our ATM going, see if we can partner with other
banking partners, and then also partner with a couple of folks, as I've mentioned,
similar to Anchorage, your Galaxy Digital, maybe additional yield that was asked earlier,
and keep buying more Ethereum.
and keep buying more Ethereum.
All right.
Beautiful.
By the way, this is really good participation, Maya.
We've talked to several CEOs on this show,
and, man, you got a lot of interested folks here from the panel talking to you,
so it's a testament to, you know, your credibility here and, you know, what you can do here in this space.
So very interesting conversation.
Wolf, any final, actually, Maya, any final words you want to add that we didn't touch on?
I think it's exciting what I'm part of.
I'm happy to answer any questions offline as well.
We are here to stay.
I think that today opportunity is bigger
and the bar is higher.
This is not 2017.
I think bar is much higher.
And I think there is room for a number of these
because this is an infrastructure play,
not just token go up play.
For me, it is at
least. I think we want to build a company here that is not just, as I've said, focused completely
on just getting the stock riled up and then that's it. We really want to grow this and want
to grow that value for shareholders. And I think it's super exciting to be part of this industry.
This is only getting started, even though I've been in it for 12 plus years. I think it's super exciting to be part of this industry. This is only getting started, even though I've been in it for 12 plus years.
I think it's only getting started.
Awesome.
Very exciting, Maya.
Glad to have you here.
And over to you.
Yeah, absolutely.
Maya, for people that want to follow along, what's the best way to follow along with news
releases?
I mean, obviously, if you're in the audience, definitely give Maya a follow up here.
Follow her account. She's got some great information on that timeline there. But Maya,
best way for us to follow along your story and your journey.
Yeah, just join my Twitter. For Boomers on a call, I'm on LinkedIn as well. I put out great
stuff, just my own thinking about the space and maybe sometimes dissecting things that are
happening that I happening that I
see that I've seen. I have a global experience. I've worked across five different continents in
the world. My network is massive. And so I see things sometimes around the corner. Sometimes
I'm too early, but that's okay. Happy to share insights and collab with folks, but it's Twitter,
LinkedIn, and obviously fgnexus.io is our website.
So, yeah.
Beautiful.
I really appreciate your time and you coming on the space today.
I appreciate the whole panel.
We had some great questions there as well.
And, of course, some great thoughts in that first half hour of the show with some of the different sectors and themes.
A lot to watch out for in this market.
Actually, my last thing I'm going to throw at you, the Fed.
Yeah, I know. I keep saying last thing. The Fed and interest rates, inflation, all these things coming together. I mean, any certain thing that you're looking for as far as it applies to crypto
and the basically anti-inflation trade? A trade? Well, not the trade, I guess, as much as just in general,
the rush into these anti-inflationary assets like crypto and even like gold. And just curious
if there's anything that you're on watch for this week with the Fed cutting rates.
I am always, I've been always in a cut, I mean, in a lookout for hardcore assets, gold,
silver, obviously Bitcoin.
And I think for us, you know, we'll be Ethereum.
So regardless of what macro is doing, regardless of what Fed is doing, I think we will be buying Ethereum.
I'm betting on infrastructure.
That's it.
That's actually a great answer.
I love that you took that route right there.
That just speaks to the company and the vision that you guys have.
And once again, definitely check out the FGNX ticker.
Follow along.
Follow Maya up here as well so you can follow along the story there.
And boy, there's just so much chatter and enthusiasm in this treasury space right now and around Ethereum for sure.
So definitely going to be on my radar to watch this out.
And Ben, any final comments for you before we shut down the space today?
Oh, in general or on FGNX? Any final comments for you before we shut down the space today?
Oh, in general or on FGNX?
Just in general to close this out today.
All right, great.
Anyway, thank you, Maya.
That was great. In general, to close this out, I would just say I didn't give it much attention, but we're all kind of very bullish, I think, in an intermediate term with the rate cuts.
But we're all kind of very bullish, I think, in an intermediate term with the rate cuts.
But I would say short term, be careful about us sell the news here after the Fed cuts rates on Wednesday.
That's definitely something that you want to manage risk around, I think.
That's all.
Boom.
There you have it.
I was curious what the money mark.
I'm going to close the space out, I promise, guys.
But just there's so much going on that I'm just like trying to – when I have great, smart people on here, I always going to close the space out, I promise, guys, but there's so much going on that I'm just trying to –
when I have great, smart people on here, I always just pull stuff.
Money Mark, I just want to know what color my alert is right now.
It's still a yellow alert.
The good news is that you've got a great panel here that throughout the time
that we've all been a bit cautious on where the market's gotten to,
we continue to provide winning picks.
I mean, everybody that I've seen in this panel has amassed an incredible track record
before and during this yellow alert.
Boom. Perfect. Yellow alert remains. We'll leave it at that.
This whole space is recorded, of course.
You heard Maya say that a little bit earlier.
If you missed any of the first half hour where we spoke a lot about some individual type of thoughts from some of the panel
up here, and then of course, a great deep dive and interview with Maya over at FGNX. We appreciate
her time. Whole thing is recorded. As soon as I close this out, you can definitely go back and
check that out. I'm going to close this out because I'm going to head back over to the live
trading space, even though there's not a whole lot of live trading going on today, at least from what I've
seen, just a little bit of a choppy market ahead of Wednesday. So we'll see what happens. We'll be
back next Monday on this same space. Be on the lookout for that. Of course, rest of the day,
we've got live trading. We've got stocks on spaces, our stock picks for the week tonight as well,
which one of our panelists up here on stage right now
is was currently leading last time I looked. So we'll have to see how that shakes out the rest
of the day. And then of course, tonight, actually, if you check our full schedule there on the wolf
pinned tweet, you will see we're actually going to talk some Bitcoin mining as well tonight. So
a lot of stuff coming up. We look forward to having you on all of our great spaces.
And thank you for tuning in.
We'll catch you on the next one. Thank you.
